Share your opinions and experiences on Futures Trading.
9/3/2009 3:22:20 PM
rickyholland
Posts: 0
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have been a copper member for a while now but reday for the next level,
i have seen that if you open an account with oscar you get lot of stuff
my question is :how much money does it take to open an account with oscar? i mean what is the minimum amount to transfer?
have been looking on the site but i could not find it
thanks
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9/4/2009 2:32:02 PM
GTrader
Posts: 13
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RickyHolland,
Oscar recommends that you open a trading account with a minimum of $10,000 US Dollars. then only trade 1 contract per $10,000 US Dollars in your account.
GTrader
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9/5/2009 8:40:15 AM
rickyholland
Posts: 0
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Gtrader and do you know if you open an account with oscar what do you get? i mean i thought i have read on the website that if you open an account with oscar then you are a platinum member or am i wrong
thanks
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9/5/2009 9:30:46 PM
GTrader
Posts: 13
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You are correct Ricky,
When you open an account with Oscar you become a VIP Member. which comes with many benefits. You receive the Omni Trading Platform, access to the Premium Room, 24/7 direct phone link with Oscar, additional trades that are not posted and Direct coaching from Oscar. This all comes with no additional cost to you.
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9/6/2009 8:29:58 AM
rickyholland
Posts: 0
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GTrader i just noticed that you are a vipmember so u have an account with oscar right?...how is it been for you sofar?
i would like to make a little bit of cash on the side and not be a trader full time coz i dont have time for it anyway work work work
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9/7/2009 9:56:47 PM
GTrader
Posts: 13
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I have been a member for approximately two years now. I highly recommend Oscar as a Broker and Mentor. I would discuss Trading Part Time with Oscar so you will be aware of the advantages and disadvantage.
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9/20/2009 9:37:35 AM
rickyholland
Posts: 0
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sooooooooooooooo
i have send all the documents what dorman asked me too so i am now waiting for their confirmation
and when i have this i can fund the account
i wanted too start small with $10000 and trade 1 contract
and then go to school with oscar...
but first i will enjoy my holiday to mallorca
so see y'all in a week
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9/22/2009 6:09:19 AM
Tradz618
Posts: 0
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To be successful, you should start with 20k. Many of the trades are designed for 2 contracts, where with only one contract you would get out of 50% of position prior to reaching the target price. I highly recommend exiting at 50% when O says to if you do decide to trade with only one contract. Risk management is critical for success.
A 10K account only allows you a 5% risk on a trade with 10 pts between your entry and stop. You should not risk more than this otherwise you seriously risk blowing your account out...take it from some of the traders here for a while.
I highly recommend Oscar as your broker, since he is a coach, and mentor also. Do it right the first time!
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9/30/2009 2:08:56 PM
ilscfn
Posts: 0
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If i were to open an account with oscar, what, (besides premium membership benefits) would I get? Can i give him discretion over my account? If i am trading on his recommendations, can i just have him enter and exit for me? sorry if this is a dumb question i have only traded electronically in my trading career and and am confused about what benefits having an actual broker enter your orders provides. thanks.
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9/30/2009 6:43:58 PM
cerious22
Administrator
Posts: 8
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Ilscfn,
We can help you here in our office. Give us a call at 702.629.4755 and you can speak with Oscar.
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5/12/2010 9:43:51 AM
Screenmate
Posts: 0
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Hi,
I was introduced by someone to Dorman by an IB although I have just started the account application. Will Dorman allow me to open an account with Oscar?
Thanks
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7/8/2010 2:54:03 PM
oscarfutures
Administrator
Posts: 4
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RickyHolland, please call the office at 702-629-4755 if you are interested in a VIP account with me.
Oscar
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8/1/2010 8:57:51 AM
tradersu
Posts: 2
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GTrader wrote:
RickyHolland,
Oscar recommends that you open a trading account with a minimum of $10,000 US Dollars. then only trade 1 contract per $10,000 US Dollars in your account.
GTrader
I don't see commission and other fee related information anywhere?
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